CANADIAN ECONOMY Canada is one of the world's wealthiest nations as measured by its relatively high income per-capita. It is one of the top 10 trading nations in the world. Since the early 1990s, the Canadian economy has grown rapidly, as low unemployment rates and seemingly large government surpluses have arisen on the federal level. As of 2007, Canada's unemployment rate of 5.9% is the lowest its been in 33 years. The Canadian economy is dominated by the service industry- this industry employs about three quarters of the Canadian population. However, Canada is unique among other developed countries in the importance of the primary sector, as the logging and oil industries are two of Canada's most important. Canada is one of the most prominent suppliers of agricultural products, with the Canadian Prairies being one of the most important suppliers of wheat, canola and other grains. Canada is the world's largest producer of natural resources such as zinc, uranium, gold, nickel, aluminum, and lead. Canada also has a large manufacturing sector centered in southern Ontario and Quebec, with automobiles and aeronautics representing significantly important industries. Further, Canada maintains a diversified economy that is heavily reliant upon trade—particularly with the United States.
An image of Canadian coin currency Image retrieved from Google Images
CANADIAN ECONOMY
Canada is one of the world's wealthiest nations as measured by its relatively high income per-capita. It is one of the top 10 trading nations in the world. Since the early 1990s, the Canadian economy has grown rapidly, as low unemployment rates and seemingly large government surpluses have arisen on the federal level. As of 2007, Canada's unemployment rate of 5.9% is the lowest its been in 33 years.
The Canadian economy is dominated by the service industry- this industry employs about three quarters of the Canadian population. However, Canada is unique among other developed countries in the importance of the primary sector, as the logging and oil industries are two of Canada's most important.
Canada is one of the most prominent suppliers of agricultural products, with the Canadian Prairies being one of the most important suppliers of wheat, canola and other grains. Canada is the world's largest producer of natural resources such as zinc, uranium, gold, nickel, aluminum, and lead. Canada also has a large manufacturing sector centered in southern Ontario and Quebec, with automobiles and aeronautics representing significantly important industries. Further, Canada maintains a diversified economy that is heavily reliant upon trade—particularly with the United States.
Image retrieved from Google Images
References: The information throughout this space is taken from exerpts of wikipedia. http://en.wikipedia.org/wiki/Canada
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